MicroStrategy Incorporated (NASDAQ:MSTR) Director Leslie J. Rechan Sells 15,000 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

MicroStrategy Price Performance

NASDAQ MSTR traded down $12.50 during trading on Wednesday, hitting $329.31. 16,723,314 shares of the stock traded hands, compared to its average volume of 17,936,663. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a 50-day simple moving average of $317.25 and a 200-day simple moving average of $292.11. The company has a market capitalization of $84.75 billion, a P/E ratio of -58.46 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Trading of MicroStrategy

Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Riverview Trust Co bought a new position in shares of MicroStrategy during the 4th quarter valued at approximately $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy during the 4th quarter valued at $25,000. Dunhill Financial LLC bought a new stake in MicroStrategy in the fourth quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC boosted its stake in MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after buying an additional 82 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on MSTR shares. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Canaccord Genuity Group lowered their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Finally, Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Buy” and a consensus price target of $536.90.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.